Backup — original pdf

Backup

Proposed Motion for Resolution: Support of Rally Austin’s 2026 Bond Proposal Motion: I move that the Austin Music Commission recommend that the City Council support Rally Austin’s “Keep Austin Ours” 2026 Bond Proposal for $259 Million, recognizing the organization’s ability to leverage public, private, and philanthropic resources to preserve Austin’s cultural and creative identity while reducing the City’s long-term financial burden. Further, I move that the Commission recommend City Council receive a formal briefing from Rally Austin to consider how its multi-purpose local government corporation model can: • Implement programs that secure a(cid:431)ordable creative and cultural, residential and commercial spaces; • Expand the Austin Cultural Trust and related initiatives supporting music and arts venues; • Reduce risk and administrative burden to the City through independent, community- driven project delivery; and • Strengthen Austin’s long-term economic and cultural resilience by investing in local, iconic, legacy and irreplaceable assets. The Commission a(cid:431)irms that Rally Austin’s proposal aligns with the City’s goals for equitable, community-based development and represents a proactive opportunity to secure Austin’s creative and cultural future through the 2026 Bond Program. CITY OF AUSTIN MUSIC COMMISSION RESOLUTION NO. 2025-_____: SUPPORTING RALLY AUSTIN’S “KEEP AUSTIN OURS” 2026 BOND PROPOSAL WHEREAS, Austin’s cultural, creative, and music sectors are foundational to the city’s identity and economy, contributing over $1.8 billion in annual economic activity and supporting thousands of local jobs; and WHEREAS, the loss of a(cid:431)ordable creative, cultural, and commercial spaces poses a critical threat to Austin’s local music venues, legacy businesses, and community-serving organizations; and WHEREAS, Rally Austin, the City’s first multi-purpose local government corporation, was created by Austin City Council in 2020 to facilitate equitable, community-driven development and deliver projects that generate public benefit while leveraging public, private, and philanthropic resources; and WHEREAS, the Keep Austin Ours 2026 Bond Proposal presented by Rally Austin outlines comprehensive strategies for securing cultural, residential and commercial a(cid:431)ordability, including property acquisition, improvement programs, and expansion of the Austin Cultural Trust; and lease stabilization, capital long-term WHEREAS, Rally Austin’s model reduces long-term fiscal risk and administrative burden to the City by independently managing complex real estate and development projects while advancing Council priorities for equity, sustainability, and cultural preservation; and WHEREAS, supporting community-based economic development through the 2026 Bond Program aligns with the Music Commission’s commitment to strengthening Austin’s music ecosystem and ensuring creative and cultural spaces remain accessible to all residents; NOW, THEREFORE, BE IT RESOLVED THAT: The Austin Music Commission recommends that the Austin City Council support inclusion of Rally Austin’s Keep Austin Ours 2026 Bond Proposal for $259 Million as part of the City’s 2026 Bond Program; and BE IT FURTHER RESOLVED THAT: The Music Commission recommends that the Austin City Council receive a formal briefing from Rally Austin on how its organizational structure, partnerships, and resource strategies can be used to: • Implement programs that secure a(cid:431)ordable creative and cultural, residential and commercial spaces; • Expand the Austin Cultural Trust and related initiatives supporting music and arts venues; • Reduce risk and administrative burden to the City through independent, community- driven project delivery; and • Strengthen Austin’s long-term economic and cultural resilience by investing in local, iconic, legacy and irreplaceable assets. ADOPTED: ___________________ ATTEST: ___________________ Chair, Austin Music Commission